Q1 2026 Market Intelligence Report

Multifamily is stabilizing. The question is where. This quarter’s Market Intelligence Report breaks down the growing divide between “haves” and “have-nots,” the return of core capital, and what it takes to win in today’s execution-driven market.

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Market update report mockup for Q1 2026 by Walker & Dunlop featuring charts, apartment survey data, and capital concentration insights.

Inside the Q1 2026 Market Intelligence Report

  • Transaction volumes have rebounded to near pre-COVID levels—but capital is concentrating into assets with durable income and clear growth visibility.
  • Pricing dispersion is widening as investors favor assets with near-term cash flow strength, leaving others to reprice.
  • Supply is still outpacing demand in the near term, but improving affordability and declining starts are setting up a stronger outlook.